7, THE FAIRWAY, MABLETHORPE, LN12 1LL - £165,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

7 THE FAIRWAY is a very small detached house of 59m², built sometime between 1967 and 1975. It was last sold for £165,000 in August 2021, which was around 32% below the average August 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was March 2021, where the current energy rating was D, and the potential energy rating was B.

7 THE FAIRWAY Sold Prices

Land registry data shows three sales for 7 THE FAIRWAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the three 7 THE FAIRWAY sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2021 27 AUG	£165,000	£243,899	32% below HPI
2004 22 DEC	£122,500	£169,725	28% below HPI
1997 30 JUL	£38,850	£60,466	36% below HPI

7 THE FAIRWAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Lindsey local authority area over time, sourced from the HPI. The three 7 THE FAIRWAY sales between July 1997 and August 2021 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the December 2004 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the August 2021 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 7 THE FAIRWAY?

7 THE FAIRWAY is 59m² according to the EPC inspection conducted in March 2021. This puts it in the smallest 20% of detached houses in Mablethorpe, based on EPC data. The below chart shows the distribution of detached houses by size in Mablethorpe, and where 7 THE FAIRWAY lies on this distribution: 18% of detached houses are smaller than 7 THE FAIRWAY, and 81% of houses are larger. Note that EPC data is not available for all properties in Mablethorpe.

7 THE FAIRWAY: Plot and Title Map

7 THE FAIRWAY sits on a plot of roughly 0.121 of an acre, or 488m². The below map shows the location of 7 THE FAIRWAY, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 7 THE FAIRWAY). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 7 THE FAIRWAY?

7 THE FAIRWAY is located in MABLETHORPE, in the LN12 postcode district. The below map shows the position of No. 7 on THE FAIRWAY.